Why use a Mortgage Broker? |
|
 Mortgage brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs.
Mortgage brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What's more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
|
Is it time to reconsider your mortgage?
Fixed vs Variable Rates |
 With mortgage rates low and more likely to go up than down, some borrowers may want to think long and hard about whether they want a fixed mortgage rate. The first question is whether to go fixed or variable when borrowing to buy a home. Statistics show that 88 per cent of the time, a variable mortgage is cheaper than a fixed-rate mortgage. Click Here to read more... |
|
Fixed vs. Variable Rates |
 Things to consider: Variable rate and fixed rate mortgages both have their advantages and disadvantages. Historically speaking, homeowners tend to pay lower rates with variable mortgages, but these mortgages are also vulnerable to fluctuations because they're tied to the Bank of Canada's prime rate (which is announced eight times per year). Fixed rates, on the other hand, are typically higher than variable rates, but their rate is consistent throughout the term of the mortgage.
Here are a few questions to help you determine which type of mortgage is right for you. To view the list, please Click Here...
|
